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I'm not at all surprised that you'd distort your own argument, again.
Let's replay the thread.
You: This is like 2007, and the market will experience a total liquidity crash like in 2008, and the government won't step in and save them.
Me: This is not like 2008. There are risks, but bank stress tests show that the system is highly capitalized, and you don't have mortgage backed securities risks like then.
You: It's exactly like 2008, and this always happens, and when liquidity crunches MORTGAGES will bring the whole thing down.
Me: That's not at all what's happening at the moment and the stress tests don't show that as a risk.

Fast forward to today:
\- The crisis was not liquidity against MBS, it was a short term bank run against bond par valuations and a crypto financing collapse. So you were wrong.
\- The banks that were stress tested on this are stable, just like I suggested.
\- You said the Fed would not step in and save things. In reality they created the bond and MBS parking facility, injecting liquidity into the system in a really creative way. I said they would do something like this, again I was right and you were wrong.
\- You said all corrections lead to liquidity crises, you can very easily look back at historical corrections and find that's not the case. I never said that it was impossible for individual banks to have a liquidity crisis or that a crash was impossible, I said that just because there's a correction doesn't mean that's the outcome, and the entire banking system has not collapsed. I would never and never did say that ALL banks would never have an issue... that would be a profoundly stupid argument, and it's profoundly stupid on your behalf to conflate your misunderstanding of some regional banks failures with larger banking risk to misrepresent my argument as there being \*no\* banking risk at all. That was clearly not what I was arguing. LOL
\- We didn't get your crash and some regional banking issues still don't mean that we will.
Now, I do change my opinion when factors change. I \*do\* think a crash is more likely now than it was before. I've said as much in my comments since then.
Having said that, you got everything wrong in your argument. This is not the same as 2008. It's not a broad liquidity crisis (yet, and won't be like 2008 since the entire system has more tools than it did in 2008). And the Fed did step in.
I get it, though. You're barely a glimmer in my memory. I'd basically forgotten about this thread because it didn't really matter to me, but it's been burning a hole in your fragile ego for a month so you felt the need to come back and misrepresent my argument to "banks just go uppies" like a slobbering, worthless simpleton just to make yourself feel better, when you still got everything wrong. ROFL
I'd say I was annoyed, but I just feel bad for you. I've been living rent free in your head and you still can't have the integrity to have a real discussion on this and represent your own statements truthfully. It's just sad and you're just like every other 2-digit IQ ignoramus on here who doesn't understand the basic concept of nuance.

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